JPMorgan and PGIM have projected a reduction of 100 basis points in Federal Reserve interest rates, despite the release of today's retail sales and jobs numbers. This forecast indicates a significant shift in monetary policy expectations, as both firms emphasize that the current economic indicators should not overshadow their outlook for rate cuts. The adjustments come amid broader discussions regarding the U.S. dollar, particularly in relation to the USD/JPY currency pair, as JPMorgan revises its dollar forecasts.
Never mind today's retail sales and jobs numbers — JPMorgan and PGIM still see 100 basis points of Fed rate cuts https://t.co/LxP8Ofljg3
Never mind today's retail sales and jobs numbers - JPMorgan and PGIM still see 100bps of Fed rate cuts https://t.co/ErnHxNtydR
JPMorgan adjusts its dollar forecasts, particularly through USD/JPY https://t.co/JMMDD0fArw https://t.co/bVtLIRsLgE